Lincoln, IL, offers a lower cost of living compared to the nationwide average. The cost of living index for Lincoln stands at 88.9, which is 11.1% below the national benchmark of 100. This makes housing, utilities, and miscellaneous expenses more affordable for residents and visitors alike. Meanwhile, groceries and healthcare expenses are slightly above the national average, suggesting a balanced cost structure overall.
Lincoln, IL, presents a cost of living index that generally reflects lower expenses when compared to the nationwide average, which is set at 100. Specifically, housing costs in Lincoln are 82, suggesting that residents can expect to pay 18% less for housing compared to the national average. This makes Lincoln an attractive option for those seeking more affordable living accommodations.
Additionally, Lincoln's cost of living in other key areas also remains competitive. Groceries are priced at 95, meaning residents spend only 5% more than the national average. Utilities, at 90, indicate savings of 10%, while transportation costs at 88 suggest an 12% reduction. Healthcare, however, is slightly above average at 97, meaning expenses are 3% higher. Miscellaneous costs stand at 85, which is a 15% reduction from the national average. Overall, Lincoln offers a cost of living that is notably lower in many critical areas.
